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Search Results 0 to 49 of about 98 (some duplicates have been removed)
their giving? ruben ramirez gets some answers. >> reporter: it's another typical school day at truman high school in the bronx. the cooking class is busy in the kitchen. ( singing ) the choir is rehearsing. the astronomy class is learning about stars. but it wasn't always like this. real estate developer charles bendit met truman high principal sana nasser a decade ago through a non-profit called pencil. it connects business people who want to volunteer with schools in their communities. >> i was a small businessman that was just getting started. i was just beginning to realize that someday i might be successful. i didn't have what to give in terms of big dollars, so what i did do was, i thought about how i could be most impactful. >> reporter: bendit serves as a mentor to principal nasser. together, they developed the idea of specialized "academies" within the high school. bendit's biggest contribution: sharing his decades of business experience. >> it all started with learning how to be the c.e.o. of a company and how am i going to make sure my company, my school, is a successful school
in the u.s., new female entrepreneurs are expected to help the job recovery. ruben ramirez looks at why women are finding it easier today to start a business. >> reporter: hewlett-packard may have gotten its start in a garage. but here in new york, this new business was born in the kitchen. this is pastry chef jenny mccoy and her business partner diana lovett. >> jenny had her background in the kitchen and wanted to make things accessible to the home cook. i had my background in the non- profit world and really wanted to have a socially responsible supply chain. >> reporter: cisse makes mixes for products like hot cocoa, cookies and cakes. they use all-natural products and fair-trade cocoa. that's cocoa that comes from farmers who use fair labor practices, and sustainable pricing. it's been a busy year, the two went from concept to prototype in four months and hit store shelves in september, the products are available in whole foods and other grocery chains along the east coast. >> i certainly think that with a line of baking mixes i think that a woman-owned business sort of makes sense
and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture those markets. >> they want to continue to be a hardware player, but the question is, what's from here? where do you go? do you move just into software and services and try to get those higher margin sales? or do you try to continue to be both players? where do you go? >> reporter: the deal brings together more than a half dozen parties. the three main partners are: company founder michael dell, who will contribute a combination of stock and cash-- he will continue as chairman and c.e.o.; private equity fund silver lake; and a $2 billion loan from microsoft. the i.o.u. means microsoft essentially is acting as a bank in the buy-out of a company upon which it relies on to sell its computer software. >> microsoft being the huge, cash-rich company that it is, has ample cash to deploy to help o
to grow 9% this year to nearly $80 billion. ruben ramirez reports on the reasons why there is renewed enthusiasm in the sector. >> reporter: for the first time in years, video game stocks are catching the eye of investors. >> reporter: two of the big three, electronic arts and take two interactive, have seen big stock rallies in the past six months. analysts say interest is likely to continue gaining momentum throughout the year, and the laggard of the trio, activision is back in the game. activision is the company behind the call of duty franchise, and, more recently, skylanders. >> the way we look at it is this something that is new to the category. is this something where we have some secret sauce. some competitive advantage. >> reporter: hirshberg likens actvision games to big budget studio films which can take years to produce and cost millions, with the hope of developing them into franchises. >> the mantra that you're seeing across all publishers is bigger fewer better. so its going to be high risk but there can potentially be very high rewards. >> reporter: the billion dollar
-fold in as many years, it's still a tiny portion of e u. au indtry. ruben ramirez takes a look at some car makers hoping american consumers fall in love with diesel this year. >> reporter: "if at first you don't succeed, try again." that's g.m.'s motto g.m. as it brings diesel passenger cars. back to american consumers, the diesel chevy cruze will start hitting showrooms this april. what's different today from general motors chevy's diesel cars back in the 1980s? >> they don't smell, they don't smoke, the don't clatter, they're quick. >> reporter: while clean-diesel technology has come a long way, g.m.'s still treadinlightly. >> we a being vy cautus about the market and the demand for the market. it's a big change within general motors that's happened in the last couple of years to say, let's not overbuild, let's understand the marketplace and try to build to where the demand is. >> reporter: it appears other car makers are also pinning their hopes on diesel. jeep is launching a diesel grand cherokee. mazda will have a diesel mazda 6. already, v.w. has had success with diesel versions of its pass
, not everyone benefits. ruben ramirez reports. >> reporter: if there was any doubt how interconnected economies around the globe are, you need look no further than what's happening in the currency markets as governments try to spur growth. >> the difficulty of achieving that i think is why you are seeing the issue of currency wars coming up more and more. >> reporter: the g-7, which includes countries like the united states, the united kingdom and germany, issued a statement saying that it wants to jumpstart domestic growth without explicitly targeting a currency exchange rate. currency watchers interpret it a different way. >> a lot of it is just posturing. you've got all these central banks trying to devalue their currency as a way of trying to get growth reaccelerating. >> reporter: growth is key. one of the biggest culprits right now is japan. the country's new government is taking an aggressive policy to weaken the yen that makes exports of everything from tvs to cars less expensive for overseas buyers. japan isn't alone; the united states is also undertaking similar policies. but europe i
into metals with more industrial uses, like silver and platinum. ruben ramirez, "n.b.r.," new york. >> susie: monday on "n.b.r.," the markets are closed for presidents' day, so we bring you "conscious capital." an "n.b.r." special edition, looking at philanthropic spending and investing in others. our "nbr-u" partners at harvard have more on the web, just head to: for a look at what makes people give to charity, you'll find it under the "nbr-u" tab. and tomorrow on "n.b.r." does congress have a plan to prevent the sequester? we'll talk to michigan senator debbie stabenow. and we'll get a check-up on the health of the u.s. job market, with the latest employment numbers. >> susie: when it comes to starting a business, successful entrepreneurs often take a "fake it 'til you make it" attitude. here to explain, eric schurenberg, editor-in-chief at inc magazine. >> at inc. we love to tell the stories of entrepreneurs who land their first big job by making their start-up look bigger than it is. bobbi brown, who built a make-up empire out of nothing, got her first sale at bergdorfs by l
yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal-- close to $24 billion of that in cash and the assumption of $4 billion in debt-- to take h.j. heinz private. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one thing they have going for them is, they've runther companies very well in brazil for a long time. an
shares. ruben ramirez reports on a battle that's being played out in what's typically a very secretive industry. >> reporter: hedge funds typically take big positions in companies and are very careful not to disclose what they're buying or selling. but the battle between hedge fund giants carl icahn, who now owns 13% of herbalife's shares and bill ackman who has a billion dollar short or bet that herbalife shares will fall is taking a nasty turn. >> a number of other hedge fund managers have gone public with shorts especially when they claim that something wrong is going on at a company. what's different in this case is that icahn also came out and was very vociferous and said, "oh no, this is a wonderful company and bill ackman doesn't know what he's talking about." it's very rare to see these guys go head to head in public. >> reporter: icahn's disclosure that he now owns 14 million shares came in a filing to the securities and exchange commission late yesterday. icahn said quote "herbalife has a legitimate business model, with favorable long-term opportunities for growth." icahn's s
two months of the year during the holidays. but you don't have to wait until then. as ruben ramirez reports, there's a new resource helping donors connect with charities making a difference in the communities they serve. >> i was feeding homeless people in grand central terminal everyday. i did that for two years, 700 nights in a row. through that process, i got to know an awful lot of homeless folks, and i kept on hearing over and over again that while they appreciated the sandwich, what they really wanted was a room and a job to pay for it. >> reporter: george mcdonald listened and started the doe fund in 1990. its mission: get homeless men off the streets of new york by providing housing, job training and jobs. and it works. graduates of the program are far less likely to find themselves back on the street. mcdonald runs doe much like a for-profit business, measuring program success along the way. there are 1.5 million registered 501(c)3 charities in the u.s., but finding those that have the biggest impact in the communities they serve isn't easy. large charitable foundations, mu
. ruben ramirez reports. >> reporter: across the country, drivers are feeling the spike in gas prices. >> gas prices went up 11 cents in one day. >> it jumps almost every two days, it seems like. >> reporter: according to, a gallon of regular gas is up 45 cents over the past month to $3.71 a gallon. experts point to a trio of reasons: refineries are not producing at full capacity as they dump the winter fuel from their tanks and refill them with summer blend gasoline; some refineries are closed for maintenance, which is typical this time of year; and, as we began the year, supplies of gasoline were lower. >> there was a lot of concern going on with fiscal cliff and the sequestration and everything like that, so it really kind of put a lot of people on the sidelines, including the oil refiners. so, everybody was kind of in a wait-and-see mode, and now we got through all that pretty unscathed, and now we're getting into some increased demand. >> reporter: but the big fear with rising gas prices: money in people's pocketbooks will go to filling the tank and not their sho
-branded products that macy's doesn't carry. ruben ramirez reports. >> reporter: martha's in the middle, as two of the nation's best-known department stores fight in new york state supreme court over just who can carry the domestic diva's home products. >> two different companies are looking at an agreement and interpreting it two different ways. macys is interpreting it very broadly and pennys is interpreting it very narrowly. >> reporter: there's no denying the appeal of carrying martha stewart's brand. macy's says it has billions of dollars on the line. >> for macys, having a differentiated exclusive brand is critical to their competitive strategy and they've invested a lot of time and effort in building up the martha stewart brand giving her a lot of exposure in their stores and its a linchpin of their home strategy. for, j.c.p., martha is a key part of its "store within a store" turnaround plan. >> she can appeal to the kind of customer that penneys has and the kind of customer that they want to get which i think is a little more upscale than what they have right now so its a dual win for
. that demand holds the potential for more jobs in the auto sector. ruben ramirez reports. >> reporter: the u.s. auto industry has undergone a major transformation over the last 13 years. at its peak in june of 2000 it employed 300,000 people. that bottomed in january of '09 at 122,000. over the past four years, automakers have added 50,000 jobs. analysts point out that for each of those jobs assembling cars in the u.s., they support nine others along the supply chain. >> the auto industry taking a lead and adding jobs is a good thing. >> reporter: while it will take a lot more for the industry to return to the level seen in the year 2000, automakers are adding to their payrolls at a healthy pace. chrysler is expected to announce in coming weeks that it is also adding jobs to boost one of its facilities in indiana. general motors says it expects to add about 1,400 new jobs over the new few years. and, last month, ford announced it will be adding 2,200 salaried employees this year, some of those will be at a cleveland engine plant where today it announced the addition of 450 jobs. >> these job
been in the planning for at least a couple of years. ruben ramirez, "n.b.r.," washington. >> susie: many americans have given up cable, and are now following their favorite television shows online. so many, that the nielsen company says it will now being tracking televisions connected to the internet, counting them as a quote, "television household." it's a step the ratings firm calls necessary, saying it will help give a more detailed picture of how people are consuming media. tom, nielsen is also looking into just how many viewers are watching on devices like the ipad. >> tom: let's get going with tonight's "market focus." >> tom: stocks saw more mild selling pressure today compared to yesterday as they continued to pull back from five and half year highs. the s&p 500 was in negative territory for the entire session. a drop in manufacturing activity in the philadelphia region, and the rise in first time unemployment insurance filings hung over the market. the index finished lower by 0.6%. volume remained heavier than it has been recently 812 million shares moved on the big board.
.s. government and gulf coast states against b.p. is due to begin. ruben ramirez has a preview of the case and the possibility of a last minute deal. >> reporter: nearly three years after a rig explosion killed 11 people and spilled four million barrels of oil into the gulf of mexico the u.s. government and b.p. are set to square off in a louisiana courtroom. b.p. has a history of settling civil cases before or during trial, so an eleventh hour deal could still be reached. the justice department and gulf states are considering offering b.p. a $16 billion deal, that's nearly three times what b.p. had hoped to pay. for it's part, b.p. says: >> we have always been open to settlements on reasonable terms, faced with demands that are excessive and not based on reality or the merits of the case, we are going to trial. >> reporter: if there is no settlement over the weekend, well owner b.p. will be joined by rig owner transocean and halliburton, the cement services provider on the well. on the other side will be the justice department, several gulf coast states and other plaintiffs. the first ph
post solid earnings and revenues, it's upbeat about its outlook for this year. but as ruben ramirez reports while lowe's and its competitor, home depot expect a bump in sales on the back of new home construction, their success is still dependent on everyday consumers opening their pocketbooks. >> reporter: home improvement retailers continue seeing the trickle down effect of a recovering housing market and a boost in renovations on the back of a better economy. about a quarter of sales at lowe's and home depot come from home construction and renovation. during the housing downturn, lowe's tightened its toolbelt, closing stores, cutting costs and investing in its online business. it's a plan that is starting to pay off. >> it really will take a couple of years yet before the combination of improved merchandising, better supply chain execution and really overhauling a lot of the stores operations before we see some meaningful operating margin expansion. >> reporter: wahlstrom says lowe's 4% growth target for 2013 is aggressive but achievable. the company saw some strength in sales fro
Search Results 0 to 49 of about 98 (some duplicates have been removed)